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Side-by-side financial comparison of A2Z CUST2MATE SOLUTIONS CORP. (AZ) and Marwynn Holdings, Inc. (MWYN). Click either name above to swap in a different company.

Marwynn Holdings, Inc. is the larger business by last-quarter revenue ($2.3M vs $1.5M, roughly 1.5× A2Z CUST2MATE SOLUTIONS CORP.). A2Z CUST2MATE SOLUTIONS CORP. runs the higher net margin — -90.4% vs -116.0%, a 25.6% gap on every dollar of revenue. On growth, A2Z CUST2MATE SOLUTIONS CORP. posted the faster year-over-year revenue change (-1.6% vs -13.3%).

Marwynn Holdings, Inc. is a Canada-based investment holding company focused on acquiring, managing, and scaling middle-market businesses primarily across North America. Its core operating segments cover industrial products, consumer goods, and technology-enabled services, targeting sustainable long-term value creation for its stakeholders.

AZ vs MWYN — Head-to-Head

Bigger by revenue
MWYN
MWYN
1.5× larger
MWYN
$2.3M
$1.5M
AZ
Growing faster (revenue YoY)
AZ
AZ
+11.7% gap
AZ
-1.6%
-13.3%
MWYN
Higher net margin
AZ
AZ
25.6% more per $
AZ
-90.4%
-116.0%
MWYN

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
AZ
AZ
MWYN
MWYN
Revenue
$1.5M
$2.3M
Net Profit
$-1.4M
$-2.7M
Gross Margin
34.0%
42.4%
Operating Margin
-265.9%
-115.8%
Net Margin
-90.4%
-116.0%
Revenue YoY
-1.6%
-13.3%
Net Profit YoY
60.4%
-11713.9%
EPS (diluted)
$-0.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AZ
AZ
MWYN
MWYN
Q3 25
$1.5M
$2.3M
Q2 25
$1.2M
Q1 25
$2.0M
$623.7K
Q3 24
$1.6M
Q2 24
$1.1M
Net Profit
AZ
AZ
MWYN
MWYN
Q3 25
$-1.4M
$-2.7M
Q2 25
$-12.6M
Q1 25
$-6.8M
$23.4K
Q3 24
$-3.5M
Q2 24
$-3.2M
Gross Margin
AZ
AZ
MWYN
MWYN
Q3 25
34.0%
42.4%
Q2 25
23.3%
Q1 25
31.7%
39.2%
Q3 24
43.9%
Q2 24
7.4%
Operating Margin
AZ
AZ
MWYN
MWYN
Q3 25
-265.9%
-115.8%
Q2 25
-585.9%
Q1 25
-381.4%
13.5%
Q3 24
-167.0%
Q2 24
-272.1%
Net Margin
AZ
AZ
MWYN
MWYN
Q3 25
-90.4%
-116.0%
Q2 25
-1085.4%
Q1 25
-342.1%
3.8%
Q3 24
-224.7%
Q2 24
-277.4%
EPS (diluted)
AZ
AZ
MWYN
MWYN
Q3 25
$-0.16
Q2 25
Q1 25
$-0.19
$0.00
Q3 24
$-0.15
Q2 24
$-0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AZ
AZ
MWYN
MWYN
Cash + ST InvestmentsLiquidity on hand
$43.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$71.3M
$2.3M
Total Assets
$81.9M
$11.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AZ
AZ
MWYN
MWYN
Q3 25
$43.2M
Q2 25
$28.5M
Q1 25
$24.2M
$480
Q3 24
$3.4M
Q2 24
$653.0K
Stockholders' Equity
AZ
AZ
MWYN
MWYN
Q3 25
$71.3M
$2.3M
Q2 25
$31.5M
Q1 25
$31.3M
$2.4M
Q3 24
$-504.0K
Q2 24
$-340.0K
Total Assets
AZ
AZ
MWYN
MWYN
Q3 25
$81.9M
$11.6M
Q2 25
$46.1M
Q1 25
$42.2M
$12.6M
Q3 24
$10.2M
Q2 24
$7.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AZ
AZ
MWYN
MWYN
Operating Cash FlowLast quarter
$-4.0M
$-95.1K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AZ
AZ
MWYN
MWYN
Q3 25
$-4.0M
$-95.1K
Q2 25
$-5.9M
Q1 25
$-3.8M
Q3 24
$-658.0K
Q2 24
$-3.7M

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AZ
AZ

Segment breakdown not available.

MWYN
MWYN

Other$1.3M57%
Revenue From Recyclable Ewaste Materials Sales$1.0M43%

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